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The larger-than-expected decline in US crude oil inventories gives oil wings. The WTI futures are up around 3% at $ 72.56. Brent also did very well at $ 75.6 (+ 2.7%).
Crude oil inventories fell by 5.4 million barrels in the week ending 10 September, compared with an expected decline of 3.5 million barrels. The expectation among investors is growing that demand will increase in tandem with the greater spread of vaccinations.